Critical Materials & Supply Chain▲
Contango settles Lucky Shot milestone payments, receives $9M from Peak Gold JV
Contango Silver and Gold has agreed to settle milestone payments totaling $18.75 million on the Lucky Shot project in Alaska in exchange for $5 million in cash and 100,000 common shares of the company. The settlement eliminates remaining payment obligations and gives Contango 100% unencumbered control of the Lucky Shot asset. Separately, Contango has received a $9 million cash distribution from the Peak Gold joint venture related to production from its second campaign of 2026 at the Manh Choh mine in Alaska. Contango holds a 30% interest in the Peak Gold JV, with the remaining 70% owned by Kinross Gold.